(LHX) Technical Pivots with Risk Controls

March 19, 2024, 10:24 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LHX

• Buy LHX slightly over 202.31 target 216.97 stop loss @ 201.73 Details

The technical summary data tells us to buy LHX near 202.31 with an upside target of 216.97. This data also tells us to set a stop loss @ 201.73 to protect against excessive loss in case the stock begins to move against the trade. 202.31 is the first level of support below 211.475 , and by rule, any test of support is a buy signal. In this case, support 202.31 is being tested, a buy signal would exist.

• Short LHX slightly under 216.97, target 202.31, stop loss @ 217.6 Details

The technical summary data is suggesting a short of LHX as it gets near 216.97 with a downside target of 202.31. We should have a stop loss in place at 217.6though. 216.97 is the first level of resistance above 211.475, and by rule, any test of resistance is a short signal. In this case, if resistance 216.97 is being tested, a short signal would exist.

Swing Trading Plans for LHX

• Buy LHX slightly over 211.49, target 215.73, Stop Loss @ 210.88 Details

If 211.49 begins to break higher, the technical summary data tells us to buy LHX just slightly over 211.49, with an upside target of 215.73. The data also tells us to set a stop loss @ 210.88 in case the stock turns against the trade. 211.49 is the first level of resistance above 211.475, and by rule, any break above resistance is a buy signal. In this case, 211.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LHX slightly near 211.49, target 202.31, Stop Loss @ 212.1. Details

The technical summary data is suggesting a short of LHX if it tests 211.49 with a downside target of 202.31. We should have a stop loss in place at 212.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 211.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LHX

• Buy LHX slightly over 211.49, target 213.19, Stop Loss @ 211 Details

If 211.49 begins to break higher, the technical summary data tells us to buy LHX just slightly over 211.49, with an upside target of 213.19. The data also tells us to set a stop loss @ 211 in case the stock turns against the trade. 211.49 is the first level of resistance above 211.475, and by rule, any break above resistance is a buy signal. In this case, 211.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LHX slightly near 211.49, target 210.82, Stop Loss @ 211.98. Details

The technical summary data is suggesting a short of LHX if it tests 211.49 with a downside target of 210.82. We should have a stop loss in place at 211.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 211.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for L3harris Technologies Inc. (LHX) available here: LHX.

LHX Ratings for March 19:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	187.06
P2	210.82	211.49	202.31
P3	213.19	215.73	216.97

AI Generated Signals for LHX

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The technical pivots for L3harris Technologies Inc. (NYSE: LHX) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LHX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LHX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LHX too.  All of these are offered below the Summary Table.